6.1b ERMUSR 06-13-2017 Elk River .
Municipal Utilities UTILITIES COMMISSION MEETING
TO: FROM:
ERMU Commission Theresa Slominski—Finance & Office Manager
MEETING DATE: AGENDA ITEM NUMBER:
June 13, 2017 6.1b
SUBJECT:
Staff Update
ACTION REQUESTED:
None
DISCUSSION:
• We have been utilizing Revenue Recapture (RR) for approximately six years now, and
this has been a valuable tool for collecting outstanding debt from current and past
customers—in total collecting approximately $160,000. The Statute of Limitations for
pursuing debt through this resource is six years. Therefore, starting with our third quarter
write-offs, we will be including debt that has been at RR and remained uncollected since
September of 2011. As we present and discuss quarterly write-offs in the future there
will be an increase as we remove these items, so I wanted to provide some advance notice
for this change.
• Staff Accountants went to the APPA Spring Academy for Finance in Minneapolis May
15-19, 2017 and attended the sessions on Accounting, Advanced Accounting, and Asset
Management. These classes helped explain the GAAP (Generally Accepted Accounting
Principles) and GASB (Government Accounting Standards Board) overlay, as well as
FERC (Federal Energy Regulatory Commission) requirements for accounting that are
applicable to our municipal utility.
• I attended my second session of MMUA Leadership training in Plymouth, MN and am
extremely grateful for the opportunity to participate in such a great leadership program.
There are 25 of us taking part from all walks of life and varying management capacities
throughout Minnesota. These trainings involve reading several books over the course of
two years and meeting quarterly in Minnesota to discuss and learn. This session was on
crucial conversations and the prior session was on team building.
• We had our second round of disconnects on Tuesday, June 6, 2017 and turned off 62
customers. At the end of day two we had 10 still off.
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